EOG Resources, Inc. $EOG Shares Sold by J2 Capital Management Inc

J2 Capital Management Inc lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 32.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,198 shares of the energy exploration company’s stock after selling 1,059 shares during the period. J2 Capital Management Inc’s holdings in EOG Resources were worth $263,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ARGA Investment Management LP grew its holdings in shares of EOG Resources by 24.2% in the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after purchasing an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in shares of EOG Resources by 15.3% in the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after purchasing an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in EOG Resources by 37.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after acquiring an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in EOG Resources by 4.7% in the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after acquiring an additional 8,127 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EOG. Susquehanna lifted their price target on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Melius began coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday. Stephens began coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price target for the company. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.36.

EOG Resources Stock Down 0.7%

Shares of NYSE:EOG opened at $111.28 on Thursday. The company has a market capitalization of $60.76 billion, a PE ratio of 10.81, a P/E/G ratio of 8.61 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a 50 day simple moving average of $118.79 and a 200-day simple moving average of $117.44.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.16 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.